Creative Hands is a company that produces dolls dressed in national wear, an item which is very popular with tourists. The cloth whic goes into the manufacturing of these dolls would be classified as: II III IV Variable Cost Prime Cost Production Cost Conversion Cost O a.l only O b.1, Il and II only OG, I, II and IV O d.I and Il only

Creative Hands is a company that produces dolls dressed in national wear, an item which is very popular with tourists. The cloth whic goes into the manufacturing of these dolls would be classified as: II III IV Variable Cost Prime Cost Production Cost Conversion Cost O a.l only O b.1, Il and II only OG, I, II and IV O d.I and Il only

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please do not give image format
Aa-3
Problem 2-45 Cape Cod Shirt Shop manufactures T-shirts and decorates them with custom designs for retail sale on the Cost Classifications premises. Several costs incurred by the company are listed below. For each cost, indicate which of the fol- lowing classifications best describe the cost. More than one classification may apply to the same cost item. (LO 5, 8, 9) Cost Classifications a. Variable b. Fixed c. Period d. Product e. Administrative f. Selling 2 Chapter 2 Basic Cost Management Concepts and Accounting for Mass Customization Operations g. Manufacturing h. Research and development i. Direct material j. Direct labor k. Manufacturing overhead Cost Items 1. Cost of fabric used in T-shirts. 2. Wages of shirtmakers. 3. Cost of new sign in front of retail T-shirt shop. 4. Wages of the employce who repairs the firm's sewing machines. 5. Cost of electricity used in the sewing department. 6. Wages of T-shirt designers and painters. 7. Wages of sales personnel. 8. Depreciation on sewing…
Please do not give solution in image format thanku
Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000 $9,550 $140,000 14,000 shelves 168,000 17,600 140,000 28,000 shelves 336,000 33,700 140,000 35,000 shelves 420,000 41,750 140,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion…
Kindly solve the remaining two Requirements iam going to mention the numbers 4. And 5. Previous three were solved earlier by your experts. Thankyou...
Subject :- Accounting
Please don't give solutions in an image format thanku
Only typed solution
Dd2.